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Bitcoin is an experimental digital currency that allows instant payments to anyone, anywhere in the world. Bitcoin uses peer-to-peer technology to operate with no central authority. Money transfers and the minting of new coins are carried out collectively by the network. The open source software that enables Bitcoin is released under the MIT license.
Click here for a concise explanation of how it works or here for a detailed technical description.
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The Fed’s Low Interest Rates and QE Have Created a Dependent Generation
23 Mar 2019 20:50 On March 20, the Federal Reserve’s Open Market Committee (FOMC) unanimously decided to keep federal interest rates unchanged. Critics ...
Bitcoin and the Agora: Every Transaction Outside the Nexus of State Control Is a Victory The cryptoconomy means many things to many people. For example, since the inception of Bitcoin in 2009, some individuals have used digital currencies as a form of agorism otherwise known as counter-economics. These ...
New Crypto Exchange Bitzlato Offers P2P Trading There’s a new digital asset exchange on the market that offers opportunities for peer-to-peer cryptocurrency trading and a variety of ...
Markets Update: BCH Holds Above $150, RVN and XTZ Explode In recent market action, bitcoin core (BTC) has struggled to hold above $4,000 following four consecutive green weekly candles, while ...
The warning comes amidst Bitwise's efforts to get its bitcoin ETF approved.
Despite heavy zoning and energy requirements, the county wants to remain open and welcoming to crypto mining facilities. |
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"The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer
it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts. Their massive overhead costs make micropayments impossible.
With e-currency based on cryptographic proof, without the need to trust a third party middleman, money can be secure and transactions effortless."
Satoshi Nakamoto |
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